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Almaden Minerals Ltd
Symbol AMM
Shares Issued 73,148,321
Close 2015-05-25 C$ 1.09
Market Cap C$ 79,731,670
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Taylor says buy Almaden

2015-05-25 22:39 ET - In the News

Jay Taylor, in the May 15, 2015, edition of Gold, Energy & Tech Stocks, says buy Almaden Minerals Ltd., recently $1.02. He previously said buy five times from July 30, 2005, to June 12, 2008, at prices ranging from $1.67 to $2.71. Along the way, he said take some profits -- perhaps sell half -- on Oct. 16, 2007, at $2.95. Assuming a $1,000 investment for each buy, selling half at $2.95 yielded a profit of $522. On Nov. 18, 2008, he said sell the rest at 50 cents, yielding a loss of $2,784. He said buy again on Jan. 17, 2013, at $3.16 and July 18, 2013, at $1.28. A $1,000 investment for each of the two buys is now worth $1,118. Mr. Taylor notes that he has not written much about Almaden recently, but a looming spinoff caught his attention. Subject to shareholder approval, the company plans to spin off all of its assets except its Ixtaca deposit, which holds 4.3 million ounces of gold equivalent. Almaden is working toward a prefeasibility study on Ixtaca, with the goal of attracting a takeover offer. Meanwhile, the spinoff will hold 24 exploration properties and 24 royalties. The combination of near-term Ixtaca potential and longer-term spinoff potential, predicts Mr. Taylor, should provide "exceptional gains" for shareholders.

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